Loading ...I strongly suspect she is wrong or just lying. China had decades of very good years even more than the USA had from 1945 to 1975. We created 350 million new middle class people there and they built up their military and today is considered the worlds second biggest economy after the USA. So they are going into a transition with a loaf under each arm, like the USA did after 1971.
After the idiots running America started giving our jobs our jobs away after 1970, they made us survive by creating unneeded work like the environmental protection agency jobs and all kinds of dumb ass jobs that created NOTHING of value. like tax supported solar and EV cars. The USA (and gold) are finally getting better since 9/11/01 tipping point.
I remember when all our machine shops started closing up around our 1970 peak prosperity here. People losing jobs started selling used cars or going into gov’t jobs or retail jobs, which were ok until the growing poverty here got bad enough and taxes high enough, to get Trump elected, and he’s helping the transition back to what we were before 1970. Hopefully they didn’t start too late.
But things that have to happen, eventually do happen, like the end of Chinese production and the beginning of US production of things that have value. I was in manufacturing since 1962 and I considered manufacturing like legal counterfeiting. We are not allowed to make $100 bills, but we are allowed to make things that can be exchanged for $100 bills or worth $100.